Inceptia Transforms Verification Process for Students and Schools

Press Release
Inceptia Transforms Verification Process for Students and Schools
Two Solutions, Including New SaaS System, Offer Time Savings and Flexibility

Lincoln, Neb. (May 16, 2017) – With its innovative Verification Gateway solution — featuring a new Software as a Service (SaaS) option — Inceptia is making the verification process easier, faster and more accurate than ever for students and financial aid departments.

The system combines the time savings of a fully automated, seamless process with the flexibility to add personal interaction whenever needed, guiding students and parents through verification via a highly secure, mobile-friendly web portal.

"Verification Gateway now not only offers schools two valuable options for streamlining their verification process, but also gets financial aid departments online quickly," said Randy Heesacker, NSLP President and CEO.

"It’s estimated that one-third of FAFSAs are selected for verification, creating extra work for schools as well as the students they serve." Verification Gateway relieves the burden of cumbersome paperwork by offering a fully automated process for students and financial aid administrators, one that’s modern and uses today’s smart technology.

"Our system is truly intuitive and only requests the required documents so schools avoid having to sort through conflicting information and enjoy a much more streamlined, accurate process. Best of all, it’s an affordable solution for schools looking to get back more time to work directly with their students."

With Verification Gateway Full Service, final verifications are completed by Inceptia and processed within two business days of receipt of all documents.

Alternately, schools may choose Verification Gateway SaaS, a software-only option, which enables the school to complete the verifications.

Students enjoy:

  • Options available for e-sign and text reminders.
  • Built-in web-enabled forms and secure document upload.
  • Document upload 24/7 from any device.
  • Toll-free help for any questions (full-service option).

Schools benefit from:

  • The ability to package student files and disburse aid more quickly.
  • Monitoring of all submitted data and access to student progress views via detailed real-time reports.
  • A cloud-based system, with limited school IT support required
  • Integration into the school’s FAM system without requiring access to the FAM system.

 

"Verification Gateway meets Inceptia’s stringent security standards and complies with federal regulations," Heesacker added. "As regulations change every academic year, we keep up-to-date on those changes so schools don’t have to worry about them."

For more about Verification Gateway, visit inceptia.org/financial-aid-management.

ABOUT INCEPTIA
Inceptia, a division of National Student Loan Program (NSLP), is a nonprofit organization committed to offering effective and uncomplicated solutions in financial aid management, default prevention, and financial education. Our mission is to support schools as they launch brilliant futures for students, armed with the knowledge to become financially responsible citizens. Since 1986, we have helped more than two million students at 5,500 schools reach their higher education dreams. Each year, we help more than 160,000 students learn how to pay for college, borrow wisely, resolve their delinquency issues, and repay their student loan obligations. Our solutions are designed to support student success by helping financial aid administrators maximize resources, so they can spend more time focusing on students.

Inceptia Publishes Fourth Annual “Great Advice for Grads”

Press Release
Inceptia Publishes Fourth Annual "Great Advice for Grads"

Lincoln, Neb. (April 4, 2017) – To celebrate the Class of 2017, Inceptia has published “Great Advice for Grads,” a collection of articles that offers practical advice and words of wisdom regarding money, student loans, and career.

Developed through a collaborative relationship with the personal finance site NerdWallet, the eGuide features information by finance and career experts, with articles chosen specifically for their graduate-relevant content at a time when it is needed most.

This year marks the fourth annual issue of the publication and continues a tradition of addressing student needs, said Carissa Uhlman, vice president of student success.

“We continue to hear from graduates that they need a resource for 3 months, 6 months, a year after they’ve left school that will help them get a better grasp on student loans and handling their finances. So we developed this year’s guide with that in mind, offering them an informational guide that they can save, share, and come back to whenever it’s needed.”

The 2017 eGuide features timely and motivational content, including:

  • How to Live on an Entry-Level Salary When You Have Student Loans
  • How Can I Avoid My Parents’ Money Mistakes?
  • The Keys to Financial Wellness for Millennials
  • How Do I Evaluate a Job Offer?
  • 5 Rookie Career Mistakes and How to Avoid Them

The end result, Uhlman said, is an e-guide that both informs and encourages. “Those are two essential tools we believe students need as they make their way through this challenging post-graduation time. It’s a great resource for both students and their families.”

“Great Advice for Grads 2017” is available for download at https://bit.ly/InceptiaGradAdvice2017.

ABOUT INCEPTIA
Inceptia, a division of National Student Loan Program (NSLP), is a nonprofit organization committed to offering effective and uncomplicated solutions in financial aid management, default prevention, and financial education. Our mission is to support schools as they launch brilliant futures for students, armed with the knowledge to become financially responsible citizens. Since 1986, we have helped more than two million students at 5,500 schools reach their higher education dreams. Each year, we help more than 160,000 students learn how to pay for college, borrow wisely, resolve their delinquency issues, and repay their student loan obligations. Our solutions are designed to support student success by helping financial aid administrators maximize resources, so they can spend more time focusing on students.

Inceptia Awarded the State of Michigan Contract to Provide Student Loan Delinquency Counseling

Press Release
Inceptia Awarded the State of Michigan Contract to Provide Student Loan Delinquency Counseling

Lincoln, Neb. (February 1, 2017) – Inceptia, a division of National Student Loan Program (NSLP), announced today that the State of Michigan has selected Inceptia to provide student loan delinquency counseling and financial education services to borrowers who are delinquent on their federal student loans.

The State of Michigan is partnering with Inceptia to conduct a one-year Loan Delinquency Management Pilot program to help Michigan borrowers currently delinquent on their federal student loans. The program provides free one-on-one counseling for borrowers. Borrowers work with a counselor to develop a repayment plan that will return the borrower to good-standing and help with continued successful repayment. In addition, borrowers are provided with financial education to assist in the creation of a budget and to better understand their credit score.

“Helping borrowers’ address their student loan delinquency is a priority for the well-being of our state,” said Anne Wohlfert, State Bureau Administrator for the Michigan Department of Treasury. “This program provides the assistance and guidance needed so Michiganders can follow a path toward financial success. When we proactively problem-solve student loan delinquency, our communities become stronger and more resilient.”

Wohlfert continued, “Michigan continues to take steps toward helping borrowers address their student loan delinquency, which is in the best interest of borrowers.”

To qualify for the program, borrowers must have federal student loans from a public or private nonprofit Michigan higher education institution, currently be delinquent on their student loans, and agree to provide their credit score twice during the pilot period. The pilot runs from January 1, 2017, through January 1, 2018.

“We are proud to work with the State of Michigan to offer our default prevention services to delinquent borrowers,” explained Randy Heesacker, NSLP president and CEO. “By using practical tools and personal attention, Inceptia educates borrowers on responsible personal finances and loan repayment, thereby working together with the State of Michigan to contribute to the borrowers’ success and create a stronger community.”

ABOUT INCEPTIA
Inceptia, a division of National Student Loan Program (NSLP), is a nonprofit organization committed to offering effective and uncomplicated solutions in financial aid management, default prevention, and financial education. Our mission is to support schools as they launch brilliant futures for students, armed with the knowledge to become financially responsible citizens. Since 1986, we have helped more than two million students at 5,500 schools reach their higher education dreams. Each year, we help more than 160,000 students learn how to pay for college, borrow wisely, resolve their delinquency issues, and repay their student loan obligations. Our solutions are designed to support student success by helping financial aid administrators maximize resources, so they can spend more time focusing on students.

Inceptia’s Loan Summary Solution Helps Students Become Knowledgeable Borrowers

Press Release
Inceptia’s Loan Summary Solution Helps Students Become Knowledgeable Borrowers

Lincoln, Neb. (January 24, 2017) – Inceptia, a division of National Student Loan Program (NSLP), announced today the launch of Loan Summary, a new product that takes a proactive approach to loan repayment through individual student loan summaries and accessible outreach tools.

Loan Summary makes it simple for schools to provide student borrowers with ongoing loan summaries, proactively educating students about details of their loans including how much they’ve borrowed and their estimated monthly payment.

"Many student borrowers either don’t know or incorrectly estimate the amount they have borrowed," explained Randy Heesacker, NSLP president and CEO. "Loan Summary is an effective, uncomplicated solution that helps schools guide students toward responsible borrowing, successful repayment, and ultimately achieving financial success."

Loan Summary conducts outreach on behalf of schools, encouraging student borrowers to review their loan details—including all current loans, even those from other schools—via Inceptia’s secure, online student portal, Student Loan Knowledge HQ. With content and design structured to resonate with Millennial and Generation Z borrowers, Student Loan Knowledge HQ is a comprehensive website providing student borrowers with the tools, support and financial knowledge they need to successfully move through the stages of borrowing and loan repayment.

"Loan Summary and the Student Loan Knowledge HQ web portal are part of Inceptia’s holistic approach that positions students and their schools for better repayment outcomes," said Heesacker.

To learn more about Loan Summary, visit www.inceptia.org/smart-borrowing/loan-summary/ or contact Inceptia at 888.529.2028 / inceptiasales@inceptia.org.

ABOUT INCEPTIA
Inceptia, a division of National Student Loan Program (NSLP), is a nonprofit organization committed to offering effective and uncomplicated solutions in financial aid management, default prevention, and financial education. Our mission is to support schools as they launch brilliant futures for students, armed with the knowledge to become financially responsible citizens. Since 1986, we have helped more than two million students at 5,500 schools reach their higher education dreams. Each year, we help more than 160,000 students learn how to pay for college, borrow wisely, resolve their delinquency issues, and repay their student loan obligations. Our solutions are designed to support student success by helping financial aid administrators maximize resources, so they can spend more time focusing on students.